The stock of Petrofac Limited (LON:PFC) is a huge mover today! The stock decreased 0.19% or GBX 1.53 on November 16, hitting GBX 796.47. About 1.44 million shares traded hands. Petrofac Limited (LON:PFC) has declined 12.87% since April 20, 2016 and is downtrending. It has underperformed by 17.56% the S&P500.
The move comes after 5 months positive chart setup for the GBX 2.89 billion company. It was reported on Nov, 16 by Barchart.com. We have GBX 1099.13 PT which if reached, will make LON:PFC worth GBX 1.10B more.
Petrofac Limited (LON:PFC) Ratings Coverage
Out of 24 analysts covering Petrofac Ltd (LON:PFC), 16 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 67% are positive. Petrofac Ltd has been the topic of 154 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Bernstein on Wednesday, November 18. On Monday, August 15 the stock rating was maintained by Liberum Capital with “Buy”. JP Morgan maintained the stock with “Overweight” rating in Wednesday, August 26 report. On Friday, March 11 the stock rating was maintained by Liberum Capital with “Buy”. The firm has “Buy” rating by Investec given on Thursday, January 14. The rating was maintained by Investec with “Hold” on Wednesday, August 26. The stock has “Overweight” rating given by Barclays Capital on Thursday, July 21. Bernstein maintained the stock with “Outperform” rating in Thursday, August 13 report. The firm earned “Overweight” rating on Wednesday, December 16 by JP Morgan. The firm has “Overweight” rating by JP Morgan given on Tuesday, July 26.
More recent Petrofac Limited (LON:PFC) news were published by: Fool.Co.Uk which released: “Should you buy giant yielders AstraZeneca, Petrofac Limited and Taylor Wimpey plc?” on June 28, 2016. Also Fool.Co.Uk published the news titled: “Read this before you buy Royal Dutch Shell plc, Petrofac Limited and Central …” on June 14, 2016. Fool.Co.Uk‘s news article titled: “What Brexit? Rio Tinto plc, Petrofac Limited and BGEO Group plc couldn’t care less” with publication date: June 30, 2016 was also an interesting one.
Petrofac Limited is an international service well-known provider to the gas and oil production and processing industry. The company has a market cap of 2.89 billion GBP. The Firm designs, builds, operates and maintains gas and oil facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the gas and oil life cycle. It currently has negative earnings. The Firm operates through three divisions: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services business.
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